Securities companies must be transparent in their proprietary trading activities

Accordingly, the Committee Stock The State (SSC) required the announcement of proprietary trading transactions of securities companies, and at the same time changed the way to calculate the settlement price of the VN30 futures contract.

Specifically, in a meeting with 23 securities companies and market members, the Securities Commission asked the stock exchanges to disclose information about the securities company’s proprietary transactions. Previously, from March 1, Ho Chi Minh City Stock Exchange (HOSE) stopped providing this data.

The Securities and Exchange Commission also directed the Vietnam Securities Depository (VSD) to adjust the final settlement price of the VN30 index futures contract to be the average price of the last 30 minutes of the expiration date instead of the closing price. ATC session to avoid the impact on the underlying market.

The SSC also directed to take measures to bring the Vietnamese stock market up from marginal to emerging as soon as possible.

Previously, on May 13, the Securities and Exchange Commission sent a message to investors in the context of unstable stock market and deep price drop in the past few weeks. This agency is closely monitoring developments in the economic – political situation, policy moves of countries around the world, assessing the impact and influence on Vietnam’s stock market in order to promptly take appropriate solutions. to stabilize the domestic stock market.

Leaders of the Securities and Exchange Commission said that the domestic stock market is going through a period of strong correction. The market fell due to many impacts, from domestic psychological factors and especially risks from the international market such as: the US Federal Reserve (Fed) raised interest rates sharply, geopolitical tensions have not been resolved. settlement, inflation pressure, input prices increased sharply, especially energy prices,…

The State Securities Commission, the Stock Exchanges, and the Securities Depository Center met with many market members and securities companies to discuss solutions to help the market overcome difficulties. The regulatory agency has given special priority to short-term solutions to help stabilize the market and reassure investors’ sentiment.

The State Securities Commission said that it will actively propagate information to stabilize investor sentiment, strengthen the confidence of market participants and the public investing at home and abroad in the determination of the Party and State. , the Government and the Ministry of Finance in stabilizing the macro-economy, developing a transparent, public, safe and efficient stock market.

The moves and messages of the SSC came after the stock market dropped about 21% compared to the beginning of April. The market recorded a capitalization of more than 50 billion USD in a short period of time.

Previously, the stock market was expected to increase further in 2022 and the following years.

In the medium and long term, the authorities are actively completing the legal framework for the stock market, completing the formulation of a stock market development strategy by 2030 to clearly define goals, solutions and long-term stock market development roadmap.

Agencies will review, evaluate, and summarize to recommend shortcomings in the legal framework on securities and the securities market (including the Law on Securities and the system of guiding documents). , especially regulations on transparency of corporate information, rights and responsibilities of participants, sanctions for violations of the law on the stock market to protect investors, thereby restoring confidence. and ensure the healthy, transparent and sustainable development of the stock market.

The SSC leaders affirmed that in the coming time, the Commission will have more solutions to improve the operational efficiency, service delivery quality, financial capacity, and professional ethics of service providers. services on the market, especially securities companies, independent auditing companies, fund management companies, operation of the system of asset valuation companies, credit ratings, accounting and auditing. Strictly manage and supervise, while facilitating and promoting the role of these organizations to provide transparent, safe and effective services for both issuers and investors.

For foreign capital flows, in addition to solutions to attract the participation of foreign investors, the State Securities Commission is also accelerating solutions to shorten the process of upgrading Vietnam’s stock market from marginal to emerging.

In the last session of the week of May 13, the selling pressure caused stocks to drop sharply. The VN-Index plunged and broke through the threshold of 1,200 points.

Specifically, at the end of the session on the afternoon of May 13, the VN-Index decreased by 56.07 points to 1,182,774 points. HNX-Index of HNX-Index fell 13.13 points to 302.39 points. Upcom-Index dropped 4.11 points to 92.33 points. Liquidity reached a total of 23.0 trillion dong, of which 20.3 trillion dong was on HOSE.

M. Ha